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Feb 20, 2013
02/13
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energy traders remain optimistic. >> the economy is doing a little bit better. there is some potential for people to take more vacations over the summer, and we could see some continued move up or at least firming and support here for energy prices. >> reporter: still, drivers may want to start setting aside a little extra cash now to help cover potentially higher gas prices on the road this summer. ruben ramirez, "n.b.r.," new york. >> susie: also in the energy patch today, transocean closed the chapter on the 2010 gulf oil disaster as a u.s. judge approved the company's $1 billion civil spill settlement. transocean owned the rig working b.p.'s macondo well when an explosion killed 11 workers and began the nation's worst offshore oil spill. last week, transocean's $400 million settlement of criminal charges with the federal government was also approved. >> tom: an update on the housing market. confidence among single-family home builders is down slightly this month, the first drop in almost a year. that housing index ticked down a point to 46 for february. anyt
energy traders remain optimistic. >> the economy is doing a little bit better. there is some potential for people to take more vacations over the summer, and we could see some continued move up or at least firming and support here for energy prices. >> reporter: still, drivers may want to start setting aside a little extra cash now to help cover potentially higher gas prices on the road this summer. ruben ramirez, "n.b.r.," new york. >> susie: also in the energy...
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Feb 16, 2013
02/13
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KQED
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economy. and, hence, the opportunities this are really quite substantial, although everybody knows that these markets are quite volatile. the developed markets are more in a recovery mode. i'm thinking of europe bottoming some tomb later this year, and japan now aggressively easing with a new monetary policy under a new government likely to see a-- finally see a real acceleration of their growth. so it's some good stories out there. >> tom: you sound very optimistic when it comes to a couple of big economies there that have been down in the dumps in europe for the better part of a couple of years. and, obviously, japan has been down for the better part almost a generation now. e.f.a. is the ticker single of an exchange traded fund that follows these areas. what are your hopes for this for a longer holding prld? >> well, i think that the first positive reaction here is likely to be a recovery in the market values of some of the major groups-- major investment groups in europe as people see that
economy. and, hence, the opportunities this are really quite substantial, although everybody knows that these markets are quite volatile. the developed markets are more in a recovery mode. i'm thinking of europe bottoming some tomb later this year, and japan now aggressively easing with a new monetary policy under a new government likely to see a-- finally see a real acceleration of their growth. so it's some good stories out there. >> tom: you sound very optimistic when it comes to a...
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Feb 22, 2013
02/13
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another driving force of the sell-off in commodities is worries about the global economy. if growth falters, there will less demand for most raw materials. the minutes from the federal reserve's most recent meeting suggested the central bank may wind down its bond buying program sooner than expected. >> people see that the world economy is being partially sustained by this money printing. so, if there's going to be a constriction in that flow, that could crimp activity. >> reporter: but for now, some traders don't think crude will head much lower: >> right now, i'd be looking to maybe get my toe back in to by around the $92 level. it has come off so far so fast. >> reporter: when it comes to gold, some bulls are confident the yellow metal will soar past $2,000 an ounce this year or next. that's because many countries want to devalue their currencies. >> net net, all the currencies in the world are in a position of wanting to devalue themselves, whether its to spur trade, or reduce the liabilities of the debts these nations need to pay. >> reporter: and in that environment,
another driving force of the sell-off in commodities is worries about the global economy. if growth falters, there will less demand for most raw materials. the minutes from the federal reserve's most recent meeting suggested the central bank may wind down its bond buying program sooner than expected. >> people see that the world economy is being partially sustained by this money printing. so, if there's going to be a constriction in that flow, that could crimp activity. >> reporter:...
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Feb 23, 2013
02/13
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is it, to the economy? >> well, first of all, it's substantial to the people affected, no question about that. in terms of its impact on the economy, we recently did a study that suggested if the sequester goes into full effect march 1, want impact will be to knock .6% off of growth this year. that is if we thought the economy was going to grow at about 2.6% without the sequester, that will be reduced to 2% with the sequester. >> tom: for this year, we're talking $85 billion potentially taken out of the growth of government spending between march 1 and the end of september and a $4 trillion budget. proportionally for median household income that's the equivalent of $1,000 out of a $50,000 income being taken out. how can that impact economy so much? >> well, it's-- it amounts to something like an 8% cut in the level of government services, other kinds of government expenditures, and at the margin, that's enough to have a noticeable impact on economic growth. now, remember, it's 80-odd-billion over the second
is it, to the economy? >> well, first of all, it's substantial to the people affected, no question about that. in terms of its impact on the economy, we recently did a study that suggested if the sequester goes into full effect march 1, want impact will be to knock .6% off of growth this year. that is if we thought the economy was going to grow at about 2.6% without the sequester, that will be reduced to 2% with the sequester. >> tom: for this year, we're talking $85 billion...
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Feb 20, 2013
02/13
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how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy. here's what those fed minutes revealed: "many" policymakers voiced concerns about "potential costs and risks" from more bond buying. others said that the easy-money policies might encourage "excessive risk-taking" and that could have "adverse consequences for financial stability" policymakers also noted positive developments in the economy, as b reesmoinarusse more businesses are optimistic about the economic outlook. nervousness about hes d'tfe nexe dow lost 108 points, closing below the 14,000 level. the nasdaq was down about 50, the s&p lost 19 points. >> tom: before
how much longer should the federal reserve continue to stimulate the economy? that question was intensely debated at the central bank's policy meeting in january according to the minutes released today. stocks sold off on that news, as investors worry the fed might taper off its stimulus program, sooner than expected, and before its goal of seeing a big pick up in the job market. the fed has been buying $85 billion of mortgage backed securities and treasuries every month to pump up the economy....
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Feb 21, 2013
02/13
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it tried that six years ago but stopped after the economy weakened. four of the five most actively traded exchange traded products were lower. the s&p 500 volatility note jumped 8.6%. it usually moves in the opposite direction of the broad market. and that's tonight's "market focus." >> susie: whether it's facebook, instagram, or pinterest, there always seems to a hot start- up in the tech pipeline. but as tonight's commentator explains the next big tech company might not be as "original" as you think. he's harry lin, executive-in- residence at idea-lab, a technology incubator in pasadena, california. >> an irony in the world of technology startups is that we tend to copy each other a lot. i call this "ironic" because the image of tech startups is that they're all about innovation and risk-taking. yet, venture-capital investors and tech entrepreneurs all know that for every instagram that gets launched, there are at least 10 other startups that pretty much are instagram. just with a different name. did you know that there are at least three well-funde
it tried that six years ago but stopped after the economy weakened. four of the five most actively traded exchange traded products were lower. the s&p 500 volatility note jumped 8.6%. it usually moves in the opposite direction of the broad market. and that's tonight's "market focus." >> susie: whether it's facebook, instagram, or pinterest, there always seems to a hot start- up in the tech pipeline. but as tonight's commentator explains the next big tech company might not be...